This is CNBC's live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.
- Global cases: More than 2,169,000
- Global deaths: At least 146,071
- US cases: More than 671,400
- US deaths: At least 33,286
The data above was compiled by Johns Hopkins University.
9:20 am: Former Trump lawyer Michael Cohen to be freed from prison into home confinement due to coronavirus fear
Michael Cohen, President Donald Trump's former lawyer, leaves his apartment to report to prison in Manhattan, New York, May 6, 2019.Jeenah Moon | Reuters
Michael Cohen, the former personal lawyer and fixer for President Donald Trump, will be released from prison in two weeks and be allowed to serve the remainder of a three-year federal criminal sentence in home confinement due to concerns about the coronavirus, CNBC has learned.
Cohen, 53, currently is incarcerated at the federal camp in Otisville, N.Y., where 14 inmates and seven staff members have tested positive for Covid-19, according to the Bureau of Prisons.
The fallen lawyer, who arranged hush money payments to women who said they had sexual encounters with Trump, originally was due to be released there on Nov. 22, 2021. —Dan Mangan
9:15 am: Moderna getting $483 million in federal funding for coronavirus vaccine development
The biotech Moderna announced that it received as much as $483 million in federal funding to accelerate development of its potential coronavirus vaccine.
Moderna CEO Stephane Bancel said Friday on CNBC's "Squawk Box" that the funding is particularly critical in aiding manufacturing efforts.
"Instead of waiting for the data and then scaling up with manufacturing process … we can make as many doses as we can. We are doing both in parallel," he said. The company plans to hire up to 150 people to support the scale-up efforts.
Bancel said the company "couldn't have done this" without the funding commitment from the Biomedical Advanced Research and Development Authority, which is part of the Department of Health and Human Services. —Kevin Stankiewicz
VIDEO8:2008:20Moderna CEO: We hope to make Covid-19 vaccine widely available by 2021Squawk Box
9:05 am: New York Fed President Williams says the economy won't be back to 'full strength' by end of 2020
John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York, March 6, 2019.Lucas Jackson | Reuters
New York Federal Reserve President John Williams said that he sees some aspects of the economy coming back online but doubts growth will get back to normal through 2020.
Williams spoke Friday with Steve Liesman on CNBC's "Squawk Box."
Areas such as construction should be the first to come back, he said, echoing comments from Philadelphia Fed President Patrick Harker, who spoke to CNBC on Thursday.
"I expect that to be able to bounce back a little bit more quickly than maybe some of the other sectors," Williams said. "But I don't see the economy getting back to full strength by the end of the year." —Jeff Cox
8:56 am: Influential Covid-19 model uses flawed methods and shouldn't guide U.S. policies, critics say
A widely followed model for projecting Covid-19 deaths in the U.S. is producing results that have been bouncing up and down like an unpredictable fever, and now epidemiologists are criticizing it as flawed and misleading for both the public and policy makers. In particular, they warn against relying on it as the basis for government decision-making, including on "re-opening America."
"It's not a model that most of us in the infectious disease epidemiology field think is well suited" to projecting Covid-19 deaths, epidemiologist Marc Lipsitch of the Harvard T.H. Chan School of Public Health told reporters this week, referring to projections by the Institute for Health Metrics and Evaluation at the University of Washington.
The IHME projections were used by the Trump administration in developing national guidelines to mitigate the outbreak. Now, they are reportedly influencing White House thinking on how and when to "re-open" the country, as President Trump announced a blueprint for on Thursday. —STAT
8:49 am: If Sanofi's coronavirus vaccine works, CEO says it can produce up to 600 million doses next year
Sanofi CEO Paul Hudson, November 19, 2019.Gonzalo Fuentes | Reuters
French drugmaker Sanofi expects to produce up to 600 million doses of its coronavirus vaccine next year if its clinical trials with GSK go as planned, CEO Paul Hudson said Friday.
"We believe we're one of the few companies who will be able to make a vaccine at a huge scale," he said during an interview with CNBC's "Squawk Box."
Sanofi and GSK announced Tuesday that they entered an agreement to jointly create a Covid-19 vaccine by the end of next year. The companies plan to start clinical trials in the second half of 2020 and, if successful, make it available to the public by the second half of 2021.
Sanofi and GSK are one of several companies working on a potential vaccine to prevent Covid-19. There are currently no therapies to treat Covid-19 and drugmakers are racing to produce a vaccine, which is expected to take 12 to 18 months. —Berkeley Lovelace Jr.
8:30 am: CVS, Rite Aid expand drive-thru testing
CVS Health is launching Covid-19 drive-thru testing in New Haven, Connecticut, in the parking lot of the former Gateway Community College campus at Long Wharf. The new site will offer Abbott Labs' rapid coronavirus tests, to patients who preregister and meet criteria set by the Centers for Disease Control and Prevention.
This is CVS's fourth drive-thru testing site, after opening operations in Georgia, Rhode Island and Massachusetts. The company has conducted 25,000 tests since March.
Rite Aid is launching two new Covid-19 drive-thru testing sites in store parking lots, one in Waldwick, New Jersey and the other in Valley Cottage, New York. The company expects to conduct 200 self-swabbing tests per day between 9 a.m. and 5 p.m., for preregistered patients who meet CDC criteria for testing. —Bertha Coombs
VIDEO11:3011:30CVS Health Chairman David Dorman on coronavirus testing, telehealth and moreSquawk Box
7:25 am: Procter & Gamble US sales jumped as consumers rushed to stock up amid the outbreak
Procter & Gamble reported that its fiscal third-quarter U.S. sales surged 10% as consumers stocked up on staples like toilet paper ahead of the coronavirus outbreak.
P&G reported fiscal third-quarter net income of $2.92 billion, or $1.12 per share, up from $2.75 million, or $1.04 per share, a year earlier. Excluding items, the owner of such products of Charmin, Bounty and Pampers earned $1.17 per share.
Net sales rose 5% to $17.21 billion.
Wall Street anticipated earnings per share of $1.13 on revenue of $17.46 billion, based on a survey of analysts by Refinitiv. —Amelia Lucas
7:13 am: Switzerland's death toll reaches 1,059, confirmed infections surpass 27,000
Switzerland's public health agency recorded 42 more fatalities as a result of the coronavirus in the previous 24 hours, Reuters reported, taking the country's death to 1,059.
The number of people who have tested positive nationwide increased to 27,078, up from 26,732. —Sam Meredith
7:05 am: Google told to respect Europe's privacy rules as it works on contact tracing app
European officials are pressuring Google to closely follow the EU's data privacy rules with the coronavirus tracing apps that it's developing with Apple.
The tech giants announced their partnership last week to develop tools that will help track the spread of the coronavirus via Bluetooth technology. The idea is to mitigate the number of new infections when lockdown measures are lifted over the coming months. However, the announcement has raised concerns that such technology could breach an individual's privacy.
"Contact tracing apps can be useful to limit the spread of the coronavirus. But their development and interoperability need to fully respect our values and privacy," Thierry Breton, the EU's internal market commissioner, said after a video meeting with Google and YouTube CEOs on Wednesday. —Silvia Amaro
7:01 am: UK expands testing criteria
A drive through farm shop has been opened at Tulley's Farm where contactless payment is taken on the end of a pole to observe social distancing on April 03, 2020 in Turners Hill, England.Mike Hewitt
Britain has expanded the number of people who are eligible to be tested for Covid-19 to include the police, fire service and judiciary, Health Minister Matt Hancock said.
The government has been criticized for all but abandoning testing in mid-March, but Hancock said it was part of the government's strategy to have mass testing, something that gets closer as Britain builds screening capacity.
"The challenge is that as the epidemic increased exponentially at that point in the middle of March. It meant that the incidence of the outbreak was broad and it meant that we weren't able to test everybody with symptoms," Hancock told a parliamentary committee. "I can today expand eligibility for testing to the police, the fire service, prison staff, critical local authority staff, the judiciary, and DWP (Department of Work and Pensions) staff who need it." —Reuters
6 am: Spain's total number of infections crosses 188,000
Spain's health ministry said the total number of cases in the country had jumped to 188,068, up from 182,816 on Thursday.
Spain is second only to the U.S. worldwide in the number of Covid-19 infections.
Earlier Friday, Spain's social security minister said the government would try to support roughly 1 million of the poorest households with a monthly basic wage. Speaking to COPE radio station, the minister said the policy was designed to help people weather the crisis. —Sam Meredith
4:55 am: Indonesia reports over 400 new cases, death toll climbs to 520
People wearing face masks attend Friday prayers at a mosque in Surabaya, Indonesia on March 20, 2020.Juni Kriswanto | AFP | Getty Images
Indonesia's health ministry confirmed 407 new coronavirus cases, taking the country's total number of infections to 5,923.
The Southeast Asian nation has recorded 520 deaths as a result of Covid-19. —Sam Meredith
4:25 am: Russia reports record daily jump in cases
A police officer with flu masks on the faces seen at a chekpoint on the road from Riga at the entrance to Moscow, Russia, April,15,2020.Mikhail Svetlov
Russia reported 4,069 new cases in the last 24 hours — a record rise in new infections, Reuters said, citing the Interfax news agency.
That brings total cases in Russia to 32,007, according to the report. —Yen Nee Lee
4:20 am: China updates national tally for cases and deaths after Wuhan revision
China's National Health Commission said it has updated the death toll and total confirmed cases in the mainland after Wuhan city revised its tally upward.
China's national death toll now stands at 4,632, up from the 3,342 that the NHC provided on Friday morning. Meanwhile, total confirmed cases have been revised from 82,367 to 82,692, the NHC said. —Yen Nee Lee
VIDEO1:5401:54China GDP contracts 6.8% in Q1, marking the weakest report on recordSquawk Box
Read CNBC's coverage from CNBC's Asia-Pacific and Europe teams overnight here: Coronavirus: China's Wuhan city revises death toll higher; Russia cases jump again
Source: cnbc.com
